Which of the Following Is Not a Resource as the Term

question 37

Multiple Choice

Which of the following is not a resource as the term is used by economists?

• A) land
• B) labor
• C) buildings
• D) money

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Definitions:

Indirect Method

An approach used in cash flow statements to reconcile net income with cash flow from operating activities, adjusting for non-cash transactions.

Accumulated Depreciation

The cumulative value of depreciation expense assigned to a physical asset since it was first utilized.

Statement of Cash Flows

A financial statement showing the cash inflows and outflows for a business over a specific period.

Operating Activities

Financial transactions and events related to the core business functions, including revenue and expense activities affecting cash flow.